Onto Innovation (ONTO) Rises But Trails Market: What Investors Should Know

Company Performance - Onto Innovation (ONTO) closed at $114.21, reflecting a +1.84% change from the previous session, which is lower than the S&P 500's gain of 2.51% [1] - Over the past month, shares have depreciated by 20.42%, underperforming the Computer and Technology sector's loss of 12.18% and the S&P 500's loss of 8.86% [1] Earnings Estimates - The company is expected to report earnings on May 8, 2025, with projected earnings of$ 1.47 per share, indicating a year-over-year growth of 24.58% [2] - Revenue is projected at $265.94 million, up 16.21% from the prior-year quarter [2] Full Year Projections - For the full year, earnings are projected at$ 6.09 per share and revenue at $1.07 billion, reflecting changes of +14.04% and +8.62% respectively from the previous year [3] Analyst Sentiment - Recent changes to analyst estimates indicate evolving short-term business trends, with positive revisions suggesting optimism regarding the company's business and profitability [3] Valuation Metrics - Onto Innovation is currently trading at a Forward P/E ratio of 18.43, which aligns with the industry's average [6] - The company has a PEG ratio of 0.61, comparable to the average PEG ratio of nanotechnology stocks [6] Industry Ranking - The Nanotechnology industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]